Published On: Wed, Sep 7th, 2016

First Hawaiian Inc (FHB) Shares Down 2.5%

First Hawaiian Inc (NYSE:FHB)’s share price fell 2.5% on Tuesday . The stock traded as low as $26.22 and last traded at $26.50, with a volume of 531,664 shares trading hands. The stock had previously closed at $27.19.
Several research firms have weighed in on FHB. Keefe, Bruyette & Woods began coverage on shares of First Hawaiian in a report on Monday, August 29th. They issued a “market perform” rating and a $27.00 target price on the stock. Wells Fargo & Co. began coverage on shares of First Hawaiian in a report on Monday, August 29th. They issued a “market perform” rating on the stock. Goldman Sachs Group began coverage on shares of First Hawaiian in a report on Monday, August 29th. They issued a “neutral” rating and a $27.00 price objective on the stock. Barclays PLC began coverage on shares of First Hawaiian in a report on Monday, August 29th. They issued an “overweight” rating and a $29.00 price objective on the stock. Finally, Deutsche Bank AG began coverage on shares of First Hawaiian in a report on Monday, August 29th. They issued a “hold” rating and a $29.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.94.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/07/first-hawaiian-inc-fhb-shares-down-2-5.html

The firm has a market cap of $3.67 billion and a PE ratio of 16.32. The firm has a 50 day moving average of $25.80 and a 200 day moving average of $25.80.
In other First Hawaiian news, Director Paribas Bnp sold 24,250,000 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $21.97, for a total transaction of $532,772,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
First Hawaiian Inc, formerly BancWest Corporation, operates as a holding company for two financial institutions: Bank of the West and First Hawaiian Bank. The Company, through two banks serves approximately 3.39 million households and businesses through over 670 branch banking locations and commercial banking offices in 23 Western and Midwestern states, Guam and Saipan.

Receive News & Ratings for First Hawaiian Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for First Hawaiian Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>